As a Canadian taxpayer, you are required to contribute to the Canada Pension Plan (CPP) unless you meet certain exemptions or have reached the maximum yearly contribution limit.
If you are an employee, you cannot stop contributing to CPP as it is a mandatory deduction from your paycheck. However, if you are self-employed, you may be able to opt out of CPP contributions if you meet the following criteria:
The procedure is different if you are self-employed, an employee, or both. If you are an employee, who earned employment income in a province or territory other than Quebec, you can elect to stop contributing to the CPP by completing Form CPT30, Election to Stop Contributing to the Canada Pension Plan, or Revocation of a Prior Elect.... Give a copy of Form CPT30 to all your employers, and send the original to the Canada Revenue Agency.
The election takes effect on the first day of the month following the date you give a copy of the completed Form CPT30 to your employer. For example, if you give Form CPT30 to your employer in June 2022, the election will take effect on July 1, 2022. Please click Canada Revenue website for more information
Follow the instructions below.
To make the election or enter the details of a previous election to stop paying CPP on your Self-Employed earnings using TurboTax Online or in the EasyStep view, go to Income > T-Slips > T4A(P) Canada Pension Plan Benefits.
On the T4A(P) - Summary screen, you can enter your information about previous elections or choose to stop contributing to CPP on your self-employment earnings. You must say "Yes" to the question - "Did you elect to stop contributing to CPP on your self-employment earnings in a year prior to 2021 or earlier?"
To provide more information about the question please see Canada Revenue Agency Website Starting and stopping CPP deductions
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My employer didn't get the memo.
They continued to deduct CPP even after I submitted the form.
In my case, I am 69 years old and have been collecting CPP for 6 years.
Can anyone tell me if I can get the excess contributions refunded?
Thank You.
@FrankD When Canada Revenue Agency (CRA) receives your tax return, it automatically calculates any overpayment and refunds it to you. Using TurboTax to file your return, any overpayment will automatically be calculated and entered on lines 44800 for CPP and 45000 for EI of the tax return. You can see the amounts of your overpayments on these lines in the Detailed Tax Summary.
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